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FEB 10, 2013 - Chicago Sun-Times

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Student loan debt could be the next economic bubble

As the price of college has soared, student loans have ballooned. In 2001, the average student debt was $17,942. By 2010, that number spiked to $26,682, according to the Pew Research Center. The debt doesn’t just affect borrowers and their families. Economists fear the amount of increased debt and delinquency rates will stifle economic growth without overhauling the whole student loan process.

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